Sally Beauty (SBH) 10-Q 13 Feb 25 2025 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2024	Feb. 07, 2025
Cover [Abstract]
Entity Registrant Name	SALLY BEAUTY HOLDINGS, INC.
Entity Central Index Key	0001368458
Document Type	10-Q
Document Period End Date	Dec. 31, 2024
Trading Symbol	SBH
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	1-33145
Entity Tax Identification Number	36-2257936
Entity Address, Address Line One	3001 Colorado Boulevard
Entity Address, City or Town	Denton
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76210
City Area Code	800
Local Phone Number	777-5706
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock, $0.01 par value
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		101,954,447
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Current assets:
Cash and cash equivalents	$ 105,528	$ 107,961
Trade accounts receivable, net	26,587	33,635
Accounts receivable, other	58,049	58,553
Inventory	1,005,975	1,036,624
Other current assets	50,581	68,541
Total current assets	1,246,720	1,305,314
Property and equipment, net of accumulated depreciation of $866,536 at December 31, 2024, and $881,818 at September 30, 2024	261,619	269,872
Operating lease assets	577,042	582,573
Goodwill	531,445	538,266
Intangible assets, excluding goodwill, net of accumulated amortization of $33,413 at December 31, 2024, and $33,761 at September 30, 2024	57,740	59,960
Other assets	36,202	36,914
Total assets	2,710,768	2,792,899
Current liabilities:
Current maturities of long-term debt	4,079	4,127
Accounts payable	220,650	269,424
Accrued liabilities	149,023	162,950
Current operating lease liabilities	152,365	136,068
Income taxes payable	22,482	20,100
Total current liabilities	548,599	592,669
Long-term debt	938,080	978,255
Long-term operating lease liabilities	456,672	479,616
Other liabilities	21,767	22,066
Deferred income tax liabilities, net	89,161	91,758
Total liabilities	2,054,279	2,164,364
Stockholders’ equity:
Common stock, $0.01 par value. Authorized 500,000 shares; 101,871 and 101,854 shares issued and shares outstanding at December 31, 2024, and September 30, 2024, respectively	1,019	1,019
Preferred stock, $0.01 par value. Authorized 50,000 shares; none issued
Accumulated earnings	792,620	740,685
Accumulated other comprehensive loss, net of tax	(137,150)	(113,169)
Total stockholders’ equity	656,489	628,535
Total liabilities and stockholders’ equity	$ 2,710,768	$ 2,792,899

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation (in dollars)	$ 866,536	$ 881,818
Intangible assets, excluding goodwill, accumulated amortization (in dollars)	$ 33,413	$ 33,761
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, Authorized shares	500,000,000	500,000,000
Common stock, shares issued	101,871,000	101,854,000
Common stock, shares outstanding	101,871,000	101,854,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Authorized shares	50,000,000	50,000,000
Preferred stock, shares issued	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Net sales	$ 937,895	$ 931,302
Cost of goods sold	461,055	464,126
Gross profit	476,840	467,176
Selling, general and administrative expenses	376,520	398,138
Restructuring	0	(85)
Operating earnings	100,320	69,123
Interest expense	17,442	17,314
Earnings before provision for income taxes	82,878	51,809
Provision for income taxes	21,865	13,419
Net earnings	$ 61,013	$ 38,390
Earnings per share:
Basic	$ 0.6	$ 0.36
Diluted	$ 0.58	$ 0.35
Weighted-average shares:
Basic	102,021	105,948
Diluted	104,974	108,718

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 61,013	$ 38,390
Other comprehensive income (loss):
Foreign currency translation adjustments	(26,615)	16,367
Interest rate swap, net of tax	1,151	(3,088)
Foreign exchange contracts, net of tax	1,483	(2,471)
Other comprehensive income (loss), net of tax	(23,981)	10,808
Total comprehensive income	$ 37,032	$ 49,198

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss
Balance at Sep. 30, 2023	$ 508,748	$ 1,063	$ 5,677	$ 624,772	$ (122,764)
Balance (in shares) at Sep. 30, 2023		106,266
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)	38,390			38,390
Other comprehensive income (loss)	10,808				10,808
Share-based compensation	5,118		5,118
Stock issued for equity awards	216	$ 7	209
Stock issued for equity awards (in shares)		722
Employee withholding taxes paid related to net share settlement	(1,740)	$ (2)	(1,738)
Employee withholding taxes paid related to net share settlement (in shares)		(192)
Repurchases and cancellations of common stock	(20,200)	$ (19)	(9,266)	(10,915)
Repurchases and cancellations of common stock (in shares)		(1,939)
Balance at Dec. 31, 2023	541,340	$ 1,049	0	652,247	(111,956)
Balance (in shares) at Dec. 31, 2023		104,857
Balance at Sep. 30, 2024	$ 628,535	$ 1,019	0	740,685	(113,169)
Balance (in shares) at Sep. 30, 2024	101,854	101,854
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)	$ 61,013			61,013
Other comprehensive income (loss)	(23,981)				(23,981)
Share-based compensation	6,053		6,053
Stock issued for equity awards	81	$ 12	69
Stock issued for equity awards (in shares)		1,162
Employee withholding taxes paid related to net share settlement	(5,264)	$ (4)	(5,260)
Employee withholding taxes paid related to net share settlement (in shares)		(392)
Repurchases and cancellations of common stock	(9,948)	$ (8)	$ (862)	(9,078)
Repurchases and cancellations of common stock (in shares)		(753)
Balance at Dec. 31, 2024	$ 656,489	$ 1,019		$ 792,620	$ (137,150)
Balance (in shares) at Dec. 31, 2024	101,871	101,871

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from Operating Activities:
Net earnings	$ 61,013	$ 38,390
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	25,565	28,063
Share-based compensation expense	6,053	5,118
Amortization of deferred financing costs	564	637
Loss on early extinguishment of debt	444	0
Loss (gain) on disposal of equipment and other property	(26,641)	2
Deferred income taxes	(2,207)	(3,237)
Changes in (exclusive of effects of acquisitions):
Trade accounts receivable	6,269	1,715
Accounts receivable, other	(799)	(3,294)
Inventory	15,287	(24,159)
Other current assets	1,454	(1,117)
Other assets	1,578	(1,709)
Operating leases, net	(939)	(641)
Accounts payable and accrued liabilities	(56,152)	(642)
Income taxes payable	2,225	12,586
Other liabilities	(257)	(692)
Net cash provided by operating activities	33,457	51,020
Cash Flows from Investing Activities:
Payments for property and equipment	(20,078)	(30,551)
Proceeds from sale of property and equipment, net	43,574
Acquisitions, net of cash acquired	(371)	(218)
Net cash provided (used) by investing activities	23,125	(30,769)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt and ABL facility	112,000	67,000
Repayments of long-term debt and ABL facility	(153,041)	(68,052)
Debt issuance costs	(1,495)	0
Proceeds from equity awards	81	216
Payments for common stock repurchased	(9,948)	(20,200)
Employee withholding taxes paid related to net share settlement of equity awards	(5,264)	(1,740)
Net cash used by financing activities	(57,667)	(22,776)
Effect of foreign exchange rate changes on cash and cash equivalents	(1,348)	523
Net decrease in cash and cash equivalents	(2,433)	(2,002)
Cash and cash equivalents, beginning of period	107,961	123,001
Cash and cash equivalents, end of period	105,528	120,999
Supplemental Cash Flow Information:
Interest paid	7,648	27,272
Income taxes paid	19,264	3,495
Capital expenditures incurred but not paid	$ 8,135	$ 5,206

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 61,013	$ 38,390

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	1. Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated interim financial statements of Sally Beauty Holdings, Inc. and its subsidiaries included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the SEC. Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC, although we believe that the disclosures included herein are adequate for the interim period presented. These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. In the opinion of management, these unaudited condensed consolidated interim financial statements reflect all adjustments that are of a normal recurring nature and which are necessary to present fairly our consolidated financial position as of December 31, 2024, and September 30, 2024, our consolidated results of operations, consolidated comprehensive income, consolidated statements of stockholders’ equity, and consolidated cash flows for the three months ended December 31, 2024 and 2023 . Principles of Consolidation The unaudited condensed consolidated interim financial statements include all accounts of Sally Beauty Holdings, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in U.S. Dollars. Accounting Policies We adhere to the same accounting policies in the preparation of our condensed consolidated interim financial statements as we do in the preparation of our full year consolidated financial statements. As permitted under GAAP, interim accounting for certain expenses, including income taxes, is based on full-year assumptions. For interim financial reporting purposes, income taxes are recorded based upon our estimated annual effective income tax. Use of Estimates In order to present our financial statements in conformity with GAAP, we are required to make certain estimates and assumptions that impact our interim financial statements and supplementary disclosures. These estimates may use forecasted financial information based on reasonable information available, however they are subject to change in the future. Significant estimates and assumptions are part of our accounting for sales allowances, deferred revenue, valuation of inventory, amortization and depreciation, intangibles and goodwill, and other reserves. We believe these estimates and assumptions are reasonable; however, they are based on management’s current knowledge of events and actions, and changes in facts and circumstances may result in revised estimates and impact actual results.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Dec. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued accounting standards update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , to enhance segment disclosures for annual and interim consolidated financial statements, including significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”). The amendments in the update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted, but we currently do not expect to early adopt this standard. The new standard is not expected to have a material impact on our consolidated financial statements; however, we expect to provide additional detail and disclosures upon adoption. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , to expand disclosures in an entity’s income tax rate reconciliation table and the disaggregation of taxes paid in U.S. and foreign jurisdictions. The amendments in this update are effective for annual periods beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of this update, but we do not expect the update to impact our consolidated results of operations or financial position. In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income (Topic 220-40): Expense Disaggregation Disclosures , that requires, among other things, more detailed disclosure about types of expenses in commonly presented expense captions such as cost of goods sold and selling, general and administrative expenses. The update is intended to improve disclosures by providing amounts recognized for the purchases of inventory, employee compensation, depreciation, and amortization. The amendments in this update are effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. We are currently evaluating the impact of this update to our consolidated financial statements and disclosures.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	3. Revenue Recognition Substantially all of our revenue is derived through the sale of merchandise at the point-of-sale in our stores or when products are shipped for e-commerce orders. Revenue is recognized net of estimated sales returns and sales taxes. We estimate sales returns based on historical data. Changes to our contract liabilities, which are included in accrued liabilities in our condensed consolidated balance sheets, were as follows (in thousands): Three Months Ended December 31, 2024 2023 Beginning Balance $ 11,493 $ 14,038 Loyalty points and gift cards issued but not redeemed, net of estimated breakage 3,644 9,494 Revenue recognized from beginning liability ( 2,487 ) ( 7,942 ) Ending Balance $ 12,650 $ 15,590 See Note 12, Segment Reporting , for additional information regarding the disaggregation of our sales revenue.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements We measure on a recurring basis and disclose the fair value of our financial instruments under the provisions of ASC Topic 820, Fair Value Measurement, as amended (“ASC 820”). We define “fair value” as the price that would be received to sell an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date. ASC 820 establishes a three-level hierarchy for measuring fair value and requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. This valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels of that hierarchy are defined as follows: Level 1 - Quoted prices are available in active markets for identical assets or liabilities; Level 2 - Pricing inputs are other than quoted prices in active markets, included in Level 1, that are either directly or indirectly observable; and Level 3 - Unobservable pricing inputs in which little or no market activity exists, therefore requiring an entity to develop its own model with estimates and assumptions. Financial instruments measured at fair value on recurring basis Consistent with the fair value hierarchy, we categorized our financial assets and liabilities as follows: (in thousands) Classification Fair Value Hierarchy Level December 31, September 30, Financial Assets: Foreign exchange contracts Designated cash flow hedges Other current assets Level 2 $ 1,498 $ — Non-designated cash flow hedges Other current assets Level 2 1,842 1,207 Interest rate swap Other assets Level 2 913 — Total assets $ 4,253 $ 1,207 . Financial Liabilities: Foreign exchange contracts Designated cash flow hedges Accrued liabilities Level 2 $ 2 $ — Non-designated cash flow hedges Accrued liabilities Level 2 419 1,485 Interest rate swap Other Liabilities Level 2 — 635 Total liabilities $ 421 $ 2,120 The fair value of each asset and liability were measured using widely accepted valuation techniques, including discounted cash flow analyses and observable inputs, such as market interest rates and foreign exchange rates. Other fair value disclosures The carrying amounts, if any, of cash equivalents, trade and other accounts receivable, and accounts payable and borrowing under our $ 500 million asset-based senior secured loan facility (the “ABL facility”) approximate their respective fair values due to the short-term nature of these financial instruments. Carrying amounts and the related estimated fair value of our long-term debt, excluding finance lease obligations, debt issuance costs and original issue discounts, are as follows: December 31, 2024 September 30, 2024 (in thousands) Fair Value Hierarchy Level Carrying Value Fair Value Carrying Value Fair Value Long-term debt, excluding finance lease obligations 2032 Senior Notes Level 2 $ 600,000 $ 601,500 $ 600,000 $ 615,000 Term Loan B Level 2 353,000 352,118 394,000 393,508 Total long-term debt $ 953,000 $ 953,618 $ 994,000 $ 1,008,508 The fair value of our senior notes was measured using unadjusted quoted market prices. The fair value of our Term Loan B agreement was measured using unadjusted quoted market prices for similar debt securities in active markets.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Stockholders' Equity	5. Stockholders’ Equity Share Repurchases In August 2017, our Board of Directors (“Board”) approved a share repurchase program authorizing us to repurchase up to $ 1.0 billion of our common stock, subject to certain limitations governed by our debt agreements. In July 2021, our Board approved a term extension of our share repurchase program to September 30, 2025 . As of December 31, 2024, we had approximately $ 510.8 million of additional share repurchase authorizations remaining under our share repurchase program. For the three months ended December 31, 2024 and 2023 , we repurchased 0.8 million shares and 1.9 million shares of our common stock at a total cost of $ 10.0 million and $ 20.0 million, respectively, excluding the impact of excise taxes. Accumulated Other Comprehensive Loss The change in accumulated other comprehensive loss (“AOCL”) was as follows (in thousands): Foreign Currency Translation Adjustments Interest Rate Swap Foreign Exchange Contracts Total Balance at September 30, 2024 $ ( 112,409 ) $ ( 431 ) $ ( 329 ) $ ( 113,169 ) Other comprehensive income (loss) before ( 26,615 ) 1,527 1,344 ( 23,744 ) Reclassification to net earnings, net of tax — ( 376 ) 139 ( 237 ) Balance at December 31, 2024 $ ( 139,024 ) $ 720 $ 1,154 $ ( 137,150 ) The tax impacts for the changes in other comprehensive income (loss) and the reclassifications to net earnings were not material.

Weighted-Average Shares

Weighted-Average Shares	3 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Weighted-Average Shares	6. Weighted-Average Shares The following table sets forth the reconciliation of basic and diluted weighted-average shares (in thousands): Three Months Ended 2024 2023 Weighted-average basic shares 102,021 105,948 Dilutive securities: Stock option and stock award programs 2,953 2,770 Weighted-average diluted shares 104,974 108,718 Anti-dilutive options excluded from our computation of diluted shares 1,522 1,804

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	7. Property and Equipment, Net During the three months ended December 31, 2024, we sold our corporate headquarters located in Denton, Texas to Denton County, Texas for $ 45.5 million, excluding $ 1.5 million in closing costs. As of September 30, 2024, the assets included in the sale were classified as held for sale within other current assets on our condensed consolidated balance sheet. As a result of the sale, we recognized a gain of approximately $ 26.6 million within selling, general and administrative expenses in our condensed consolidated statements of earnings. Additionally, we entered into a lease agreement with Denton County, Texas, to lease the building for $ 35,000 per month for twelve months , with the option to extend three additional months. At this time, we do not anticipate exercising this option.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	8. Goodwill and Intangible Assets For the three months ended December 31, 2024, we considered potential triggering events and determined there were none during the period. No material impairment losses were recognized in the current or prior periods presented in connection with our goodwill and other intangible assets. Goodwill allocated to our SBS and BSG reporting units, which are also defined as our SBS and BSG segments, was $ 82.6 million and $ 448.2 million, respectively, as of December 31, 2024. Three Months Ended (in thousands) 2024 2023 Intangible assets amortization expense $ 858 $ 860 For the three months ended December 31, 2024 , changes in goodwill reflect the effects of foreign currency exchange rates of $ 7.2 million and adjustments of $ 0.4 million from the completion of our Exclusive Beauty Supply, Inc. acquisition fair value assessment. Additionally, the changes to other intangibles include effects of foreign currency exchange rates of $ 1.4 million.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Accrued Liabilities	9. Accrued Liabilities Accrued liabilities consist of the following (in thousands): December 31, September 30, Compensation and benefits $ 50,977 $ 76,649 Deferred revenue 18,062 16,080 Interest payable 13,650 4,108 Rental obligations 10,865 11,039 Accrued freight 9,975 8,240 Insurance reserves 7,898 7,526 Operating accruals and other 37,596 39,308 Total accrued liabilities $ 149,023 $ 162,950

Short-term and Long-term Debt

Short-term and Long-term Debt	3 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Short-term and Long-term Debt	10. Short-term and Long-term Debt During the three months ended December 31, 2024, the Company and other parties to the ABL facility entered into a fifth amendment which, among other things, extended the maturity date to December 11, 2029 , improved certain covenant terms, and slightly increased our commitment fee to 0.25 % from 0.20 %. At December 31, 2024 , there were no outstanding borrowings under our ABL facility, and we had $ 482.7 million available for borrowing, including under our Canadian sub-facility, subject to a borrowing base limitation, as reduced by outstanding letters of credit. In connection with the amendment, we incurred approximately $ 1.5 million in debt issuance costs that are being amortized over the remaining life of the ABL facility. Additionally, during the three months ended December 31, 2024, we voluntarily repaid $ 40.0 million of outstanding Term Loan B principle. In connection with the repayment, we recognized a $ 0.4 million loss on debt extinguishment within interest expense related to unamortized debt issuance costs.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	11. Derivative Instruments and Hedging Activities During the three months ended December 31, 2024 , we did no t purchase or hold any derivative instruments for trading or speculative purposes. See Note 4, Fair Value Measurements , for the classification and fair value of our derivative instruments. Designated Cash Flow Hedges Foreign Currency Forwards We regularly enter into foreign currency forwards to mitigate our exposure to exchange rate changes on forecasted inventory purchases in U.S. dollars by our foreign subsidiaries. At December 31, 2024, we held forwards, which expire ratably through September 30, 2025, with a notional amount, based upon exchange rates at December 31, 2024 , as follows (in thousands): Notional Currency Notional Amount Mexican Peso $ 16,106 Canadian Dollar 8,475 Euro 4,705 Total $ 29,286 The changes in fair value related to these foreign currency forwards are recorded quarterly into AOCL. As the forwards are exercised, the realized value is recognized into cost of goods sold (“COGS”), based on inventory turns, in our condensed consolidated statements of earnings. For the three months ended December 31, 2024 and 2023 , we recognized a loss of $ 0.2 million and a loss of $ 1.4 million, respectively. Based on December 31, 2024 , valuations and exchange rates, we expect to reclassify gains of approximately $ 1.7 million out of AOCL and into COGS over the next 12 months. Interest Rate Swap In April 2023, we entered into a three-year interest rate swap with an initial notional amount of $ 200 million (the “interest rate swap”) to mitigate the exposure to higher interest rates in connection with our Term Loan B due in 2030. The interest rate swap involves fixed monthly payments at the contract rate of 3.705 %, and in return, we will receive a floating interest payment based on the 1-month Adjusted Term SOFR Rate. The interest rate swap will mature in April 2026 and is designated as a cash flow hedge. Changes in the fair value of the interest rate swap are recorded quarterly, net of income tax, and included in AOCL. For the three months ended December 31, 2024 , we recognized income of $ 0.5 million and $ 0.8 million, respectively, into interest expense on our condensed consolidated statements of earnings related to the interest rate swap. At December 31, 2024 , we expect to reclassify gains of approximately $ 0.8 million out of AOCL and into interest expense over the next 12 months. Non-Designated Derivative Instruments We also use foreign exchange contracts to mitigate our exposure to exchange rate changes in connection with certain intercompany balances not permanently invested. At December 31, 2024, we held forwards, which settle on various dates in the first month of the next two fiscal quarters, with a notional amount, based upon exchange rates at December 31, 2024 , as follows (in thousands): Notional Currency Notional Amount British Pound $ 31,893 Euro 19,277 Canadian Dollar 12,634 Mexican Peso 11,806 Total $ 75,610 We record changes in fair value and realized gains or losses related to these foreign currency forwards into selling, general and administrative expenses. For the three months ended December 31, 2024 and 2023 , the effects of these foreign exchange contracts on our condensed consolidated financial statements were gains of $ 1.6 million and losses of $ 1.3 million, respectively.

Segment Reporting

Segment Reporting	3 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	12. Segment Reporting Segment data for the three months ended December 31, 2024 and 2023, is as follows (in thousands): Three Months Ended 2024 2023 Net sales: SBS $ 525,446 $ 523,238 BSG 412,449 408,064 Total $ 937,895 $ 931,302 Earnings before provision for income taxes: Segment operating earnings: SBS $ 79,874 $ 77,629 BSG 50,469 44,627 Segment operating earnings 130,343 122,256 Unallocated expenses (a) 30,023 53,218 Restructuring — ( 85 ) Consolidated operating earnings 100,320 69,123 Interest expense 17,442 17,314 Earnings before provision for income taxes $ 82,878 $ 51,809 (a) Unallocated expenses consist of corporate and shared costs and are included in selling, general and administrative expenses in our consolidated statements of earnings. For the three months ended December 31, 2024, unallocated expenses include a $ 26.6 million gain related to the sale of our corporate headquarters. See Note 7, Property and Equipment, Net , for more information. Sales between segments, which are eliminated in consolidation, were not material during the three months ended December 31, 2024 and 2023. Disaggregation of net sales by segment Periodically, we make minor adjustments to our product hierarchy, which impacts the roll-up of our merchandise categories. As a result, certain prior year amounts have been reclassified to conform to current year presentation. The following tables disaggregate our segment revenues by merchandise category. Three Months Ended SBS 2024 2023 Hair color 40.5 % 39.1 % Hair care 23.8 % 24.6 % Styling tools and supplies 17.3 % 18.2 % Nail 10.1 % 10.1 % Skin and cosmetics 7.7 % 7.4 % Other beauty items 0.6 % 0.6 % Total 100.0 % 100.0 % Three Months Ended BSG 2024 2023 Hair care 42.8 % 42.9 % Hair color 40.1 % 39.4 % Styling tools and supplies 10.7 % 10.7 % Skin and cosmetics 3.8 % 4.3 % Nail 2.4 % 2.4 % Other beauty items 0.2 % 0.3 % Total 100.0 % 100.0 % The following tables disaggregate our segment revenue by sales channels: Three Months Ended SBS 2024 2023 Company-operated stores 92.1 % 93.3 % E-commerce 7.9 % 6.7 % Total 100.0 % 100.0 % Three Months Ended BSG 2024 2023 Company-operated stores 69.4 % 68.6 % E-commerce 14.0 % 13.8 % Distributor sales consultants 9.6 % 10.6 % Franchise stores 7.0 % 7.0 % Total 100.0 % 100.0 %

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated interim financial statements of Sally Beauty Holdings, Inc. and its subsidiaries included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the SEC. Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC, although we believe that the disclosures included herein are adequate for the interim period presented. These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. In the opinion of management, these unaudited condensed consolidated interim financial statements reflect all adjustments that are of a normal recurring nature and which are necessary to present fairly our consolidated financial position as of December 31, 2024, and September 30, 2024, our consolidated results of operations, consolidated comprehensive income, consolidated statements of stockholders’ equity, and consolidated cash flows for the three months ended December 31, 2024 and 2023 .
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated interim financial statements include all accounts of Sally Beauty Holdings, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in U.S. Dollars.
Accounting Policies	Accounting Policies We adhere to the same accounting policies in the preparation of our condensed consolidated interim financial statements as we do in the preparation of our full year consolidated financial statements. As permitted under GAAP, interim accounting for certain expenses, including income taxes, is based on full-year assumptions. For interim financial reporting purposes, income taxes are recorded based upon our estimated annual effective income tax.
Use of Estimates	Use of Estimates In order to present our financial statements in conformity with GAAP, we are required to make certain estimates and assumptions that impact our interim financial statements and supplementary disclosures. These estimates may use forecasted financial information based on reasonable information available, however they are subject to change in the future. Significant estimates and assumptions are part of our accounting for sales allowances, deferred revenue, valuation of inventory, amortization and depreciation, intangibles and goodwill, and other reserves. We believe these estimates and assumptions are reasonable; however, they are based on management’s current knowledge of events and actions, and changes in facts and circumstances may result in revised estimates and impact actual results.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Changes to Contract Liabilities	Changes to our contract liabilities, which are included in accrued liabilities in our condensed consolidated balance sheets, were as follows (in thousands): Three Months Ended December 31, 2024 2023 Beginning Balance $ 11,493 $ 14,038 Loyalty points and gift cards issued but not redeemed, net of estimated breakage 3,644 9,494 Revenue recognized from beginning liability ( 2,487 ) ( 7,942 ) Ending Balance $ 12,650 $ 15,590

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities and other fair value disclosures by fair value hierarchy	Financial instruments measured at fair value on recurring basis Consistent with the fair value hierarchy, we categorized our financial assets and liabilities as follows: (in thousands) Classification Fair Value Hierarchy Level December 31, September 30, Financial Assets: Foreign exchange contracts Designated cash flow hedges Other current assets Level 2 $ 1,498 $ — Non-designated cash flow hedges Other current assets Level 2 1,842 1,207 Interest rate swap Other assets Level 2 913 — Total assets $ 4,253 $ 1,207 . Financial Liabilities: Foreign exchange contracts Designated cash flow hedges Accrued liabilities Level 2 $ 2 $ — Non-designated cash flow hedges Accrued liabilities Level 2 419 1,485 Interest rate swap Other Liabilities Level 2 — 635 Total liabilities $ 421 $ 2,120 Other fair value disclosures The carrying amounts, if any, of cash equivalents, trade and other accounts receivable, and accounts payable and borrowing under our $ 500 million asset-based senior secured loan facility (the “ABL facility”) approximate their respective fair values due to the short-term nature of these financial instruments. Carrying amounts and the related estimated fair value of our long-term debt, excluding finance lease obligations, debt issuance costs and original issue discounts, are as follows: December 31, 2024 September 30, 2024 (in thousands) Fair Value Hierarchy Level Carrying Value Fair Value Carrying Value Fair Value Long-term debt, excluding finance lease obligations 2032 Senior Notes Level 2 $ 600,000 $ 601,500 $ 600,000 $ 615,000 Term Loan B Level 2 353,000 352,118 394,000 393,508 Total long-term debt $ 953,000 $ 953,618 $ 994,000 $ 1,008,508

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of changes in accumulated other comprehensive loss	The change in accumulated other comprehensive loss (“AOCL”) was as follows (in thousands): Foreign Currency Translation Adjustments Interest Rate Swap Foreign Exchange Contracts Total Balance at September 30, 2024 $ ( 112,409 ) $ ( 431 ) $ ( 329 ) $ ( 113,169 ) Other comprehensive income (loss) before ( 26,615 ) 1,527 1,344 ( 23,744 ) Reclassification to net earnings, net of tax — ( 376 ) 139 ( 237 ) Balance at December 31, 2024 $ ( 139,024 ) $ 720 $ 1,154 $ ( 137,150 )

Weighted-Average Shares (Tables

Weighted-Average Shares (Tables)	3 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of reconciliation of basic and diluted weighted-average shares	The following table sets forth the reconciliation of basic and diluted weighted-average shares (in thousands): Three Months Ended 2024 2023 Weighted-average basic shares 102,021 105,948 Dilutive securities: Stock option and stock award programs 2,953 2,770 Weighted-average diluted shares 104,974 108,718 Anti-dilutive options excluded from our computation of diluted shares 1,522 1,804

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets Amortization Expense	Three Months Ended (in thousands) 2024 2023 Intangible assets amortization expense $ 858 $ 860

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Schedule of accrued liabilities	Accrued liabilities consist of the following (in thousands): December 31, September 30, Compensation and benefits $ 50,977 $ 76,649 Deferred revenue 18,062 16,080 Interest payable 13,650 4,108 Rental obligations 10,865 11,039 Accrued freight 9,975 8,240 Insurance reserves 7,898 7,526 Operating accruals and other 37,596 39,308 Total accrued liabilities $ 149,023 $ 162,950

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables) - Foreign Exchange Contract	3 Months Ended
	Dec. 31, 2024
Schedule of notional amount held through foreign currency forwards, based upon exchange rates	At December 31, 2024, we held forwards, which expire ratably through September 30, 2025, with a notional amount, based upon exchange rates at December 31, 2024 , as follows (in thousands): Notional Currency Notional Amount Mexican Peso $ 16,106 Canadian Dollar 8,475 Euro 4,705 Total $ 29,286
Non-Designated Derivative Instruments
Schedule of notional amount held through foreign currency forwards, based upon exchange rates	At December 31, 2024, we held forwards, which settle on various dates in the first month of the next two fiscal quarters, with a notional amount, based upon exchange rates at December 31, 2024 , as follows (in thousands): Notional Currency Notional Amount British Pound $ 31,893 Euro 19,277 Canadian Dollar 12,634 Mexican Peso 11,806 Total $ 75,610

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of segment data	Segment data for the three months ended December 31, 2024 and 2023, is as follows (in thousands): Three Months Ended 2024 2023 Net sales: SBS $ 525,446 $ 523,238 BSG 412,449 408,064 Total $ 937,895 $ 931,302 Earnings before provision for income taxes: Segment operating earnings: SBS $ 79,874 $ 77,629 BSG 50,469 44,627 Segment operating earnings 130,343 122,256 Unallocated expenses (a) 30,023 53,218 Restructuring — ( 85 ) Consolidated operating earnings 100,320 69,123 Interest expense 17,442 17,314 Earnings before provision for income taxes $ 82,878 $ 51,809 (a) Unallocated expenses consist of corporate and shared costs and are included in selling, general and administrative expenses in our consolidated statements of earnings. For the three months ended December 31, 2024, unallocated expenses include a $ 26.6 million gain related to the sale of our corporate headquarters. See Note 7, Property and Equipment, Net , for more information.
Schedule of disaggregation of segment revenues by merchandise category and sales channels	Disaggregation of net sales by segment Periodically, we make minor adjustments to our product hierarchy, which impacts the roll-up of our merchandise categories. As a result, certain prior year amounts have been reclassified to conform to current year presentation. The following tables disaggregate our segment revenues by merchandise category. Three Months Ended SBS 2024 2023 Hair color 40.5 % 39.1 % Hair care 23.8 % 24.6 % Styling tools and supplies 17.3 % 18.2 % Nail 10.1 % 10.1 % Skin and cosmetics 7.7 % 7.4 % Other beauty items 0.6 % 0.6 % Total 100.0 % 100.0 % Three Months Ended BSG 2024 2023 Hair care 42.8 % 42.9 % Hair color 40.1 % 39.4 % Styling tools and supplies 10.7 % 10.7 % Skin and cosmetics 3.8 % 4.3 % Nail 2.4 % 2.4 % Other beauty items 0.2 % 0.3 % Total 100.0 % 100.0 % The following tables disaggregate our segment revenue by sales channels: Three Months Ended SBS 2024 2023 Company-operated stores 92.1 % 93.3 % E-commerce 7.9 % 6.7 % Total 100.0 % 100.0 % Three Months Ended BSG 2024 2023 Company-operated stores 69.4 % 68.6 % E-commerce 14.0 % 13.8 % Distributor sales consultants 9.6 % 10.6 % Franchise stores 7.0 % 7.0 % Total 100.0 % 100.0 %

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Changes to Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Contract with Customer, Liability [Abstract]
Beginning Balance	$ 11,493	$ 14,038
Loyalty points and gift cards issued but not redeemed, net of estimated breakage	3,644	9,494
Revenue recognized from beginning liability	(2,487)	(7,942)
Ending Balance	$ 12,650	$ 15,590

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Long-term debt, excluding finance lease obligations
Long-term debt, excluding finance lease obligations, Carrying Value	$ 953,000	$ 994,000
Long-term debt, excluding finance lease obligations, Fair Value	953,618	1,008,508
Level 2 | 2032 Senior Notes
Long-term debt, excluding finance lease obligations
Long-term debt, excluding finance lease obligations, Carrying Value	600,000	600,000
Long-term debt, excluding finance lease obligations, Fair Value	601,500	615,000
Level 2 | Term Loan B
Long-term debt, excluding finance lease obligations
Long-term debt, excluding finance lease obligations, Carrying Value	353,000	394,000
Long-term debt, excluding finance lease obligations, Fair Value	352,118	393,508
Fair Value, Recurring
Financial Assets:
Total assets	4,253	1,207
Financial Liabilities:
Total liabilities	421	2,120
Fair Value, Recurring | Level 2 | Other current assets | Designated cash flow hedges
Financial Assets:
Cash flow hedges	1,498
Fair Value, Recurring | Level 2 | Other current assets | Non-Designated Derivative Instruments
Financial Assets:
Cash flow hedges	1,842	1,207
Fair Value, Recurring | Level 2 | Other assets
Financial Assets:
Interest rate swap	913	0
Fair Value, Recurring | Level 2 | Accrued Liabilities | Designated cash flow hedges
Financial Liabilities:
Cash flow hedges	2
Fair Value, Recurring | Level 2 | Accrued Liabilities | Non-Designated Derivative Instruments
Financial Liabilities:
Cash flow hedges	419	1,485
Fair Value, Recurring | Level 2 | Other Liabilities
Financial Liabilities:
Interest rate swap	$ 0	$ 635

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) $ in Millions	Dec. 31, 2024 USD ($)
Asset-based Senior Secured Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding borrowing	$ 500

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - 2017 Share Repurchase program - USD ($) shares in Millions	1 Months Ended	3 Months Ended
	Jul. 31, 2021	Dec. 31, 2024	Dec. 31, 2023	Aug. 31, 2017
Share Repurchase Program
Amount of shares authorized to be repurchased		$ 510,800,000		$ 1,000,000,000
Stock repurchase program, expiration date	Sep. 30, 2025
Number of shares repurchased		0.8	1.9
Total cost of share repurchased		$ 10,000,000	$ 20,000,000

Stockholders' Equity - Change i

Stockholders' Equity - Change in AOCL (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2024 USD ($)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 628,535
Balance	656,489
Interest rate swap
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(431)
Other comprehensive income (loss) before reclassification, net of tax	1,527
Reclassification to net earnings, net of tax	(376)
Balance	720
Foreign exchange contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(329)
Other comprehensive income (loss) before reclassification, net of tax	1,344
Reclassification to net earnings, net of tax	139
Balance	1,154
Foreign currency translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(112,409)
Other comprehensive income (loss) before reclassification, net of tax	(26,615)
Balance	(139,024)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(113,169)
Other comprehensive income (loss) before reclassification, net of tax	(23,744)
Reclassification to net earnings, net of tax	(237)
Balance	$ (137,150)

Weighted-Average Shares (Detail

Weighted-Average Shares (Details) - shares shares in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share Reconciliation:
Weighted-average basic shares	102,021	105,948
Dilutive securities:
Stock option and stock award programs	2,953	2,770
Weighted-average diluted shares	104,974	108,718
Anti-dilutive options excluded from our computation of diluted shares	1,522	1,804

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details)	3 Months Ended
	Dec. 31, 2024 USD ($)
Selling, General and Administrative Expenses
Property, Plant and Equipment [Line Items]
Sale of asset, gain	$ 26,600,000
Denton, Texas
Property, Plant and Equipment [Line Items]
Sale of asset, amount	45,500,000
Sale of asset, closing cost	1,500,000
Lease amount per month	$ 35,000
Lease term	12 months
Additional lease term	3 months
Denton, Texas | Selling, General and Administrative Expenses
Property, Plant and Equipment [Line Items]
Sale of asset, gain	$ 26,600,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Goodwill [Line Items]
Goodwill	$ 531,445	$ 538,266
Goodwill, decreased from effects of foreign currency exchange rates	7,200
Intangible assets, decreased from effects of foreign currency exchange rates	1,400
SBS
Goodwill [Line Items]
Goodwill	82,600
BSG
Goodwill [Line Items]
Goodwill	448,200
Exclusive Beauty Supply, Inc.
Goodwill [Line Items]
Goodwill adjustment related to acquisitions	$ 400

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Intangible Assets Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets amortization expense	$ 858	$ 860

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Accrued Liabilities
Compensation and benefits	$ 50,977	$ 76,649
Deferred revenue	18,062	16,080
Interest payable	13,650	4,108
Rental obligations	10,865	11,039
Accrued freight	9,975	8,240
Insurance reserves	7,898	7,526
Operating accruals and other	37,596	39,308
Total accrued liabilities	$ 149,023	$ 162,950

Short-term and Long-term Debt -

Short-term and Long-term Debt - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt instruments issuance cost	$ 1,495,000	$ 0
Debt extinguishment	(444,000)	$ 0
ABL facility
Debt Instrument [Line Items]
Outstanding borrowing	0
Revolving credit facility	482,700,000
Debt issuance costs	$ 1,500,000
Debt instrument, maturity date	Dec. 11, 2029
ABL facility | Maximum
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage	0.20%
ABL facility | Minimum
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage	0.25%
TLB 2030 | Sally Holdings, LLC
Debt Instrument [Line Items]
Aggregate principal amount	$ 40,000,000
Debt extinguishment	$ (400,000)

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 30, 2023 USD ($)	Dec. 31, 2024 USD ($) Instrument	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)
Derivative Instruments
Number of derivative instruments held | Instrument		0
Interest expense		$ 17,442	$ 17,314
Foreign Currency Forwards | Selling, General and Administrative Expenses
Derivative Instruments
Foreign currency forwards designated as cash flow hedges to be reclassified in to cost of goods sold		1,600	(1,300)
Foreign Currency Forwards | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments
Foreign currency forwards designated as cash flow hedges to be reclassified in to cost of goods sold		(200)	(1,400)
Foreign currency forwards designated as cash flow hedges to be reclassified losses into cost of goods sold over next 12 months		1,700
Interest Rate Swap | Sally Holdings, LLC
Derivative Instruments
Derivative instruments, expiration date	Apr. 30, 2026
Term of derivative instrument	3 years
Notional Amount	$ 200,000
Fixed interest rate	3.705%
Interest income			$ 500	$ 800
Interest rate caps designated as cash flow hedges to be reclassified into interest expense over next 12 months		$ 800

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Notional Amount Held Through Foreign Currency Forwards, Based Upon Exchange Rates (Details)	Dec. 31, 2024 USD ($)
Foreign Currency Forwards | Designated cash flow hedges
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	$ 29,286,000
Foreign Currency Forwards | Non-Designated Derivative Instruments
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	75,610,000
British Pound | Non-Designated Derivative Instruments
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	31,893,000
Mexican Peso | Designated cash flow hedges
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	16,106,000
Mexican Peso | Non-Designated Derivative Instruments
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	11,806,000
Euro | Designated cash flow hedges
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	4,705,000
Euro | Non-Designated Derivative Instruments
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	19,277,000
Canadian Dollar | Designated cash flow hedges
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	8,475,000
Canadian Dollar | Non-Designated Derivative Instruments
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	$ 12,634,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Net sales:
Total net sales	$ 937,895	$ 931,302
Segment operating earnings:
Segment operating earnings	100,320	69,123
Restructuring	0	(85)
Interest expense	17,442	17,314
Earnings before provision for income taxes	82,878	51,809
Operating segments
Segment operating earnings:
Segment operating earnings	130,343	122,256
Corporate
Segment operating earnings:
Unallocated expenses	30,023	53,218
SBS
Net sales:
Total net sales	525,446	523,238
SBS | Operating segments
Segment operating earnings:
Segment operating earnings	79,874	77,629
BSG
Net sales:
Total net sales	412,449	408,064
BSG | Operating segments
Segment operating earnings:
Segment operating earnings	$ 50,469	$ 44,627

Segment Reporting (Parenthetica

Segment Reporting (Parenthetical) (Details) $ in Millions	3 Months Ended
	Dec. 31, 2024 USD ($)
Selling, General and Administrative Expenses
Segment Reporting Information [Line Items]
Gain related to sale of corporate headquarters	$ 26.6

Segment Reporting - Schedule of

Segment Reporting - Schedule of Disaggregation of Net Sales by Segment (Details) - Sales Revenue, Net - Product Concentration Risk	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
SBS
Disaggregation Of Revenue [Line Items]
Percentage of net sales	100%	100%
SBS | Hair color
Disaggregation Of Revenue [Line Items]
Percentage of net sales	40.50%	39.10%
SBS | Hair care
Disaggregation Of Revenue [Line Items]
Percentage of net sales	23.80%	24.60%
SBS | Styling tools and supplies
Disaggregation Of Revenue [Line Items]
Percentage of net sales	17.30%	18.20%
SBS | Nail
Disaggregation Of Revenue [Line Items]
Percentage of net sales	10.10%	10.10%
SBS | Skin and cosmetics
Disaggregation Of Revenue [Line Items]
Percentage of net sales	7.70%	7.40%
SBS | Other Beauty items
Disaggregation Of Revenue [Line Items]
Percentage of net sales	0.60%	0.60%
SBS | Sales channel, directly to consumer | Company-operated stores
Disaggregation Of Revenue [Line Items]
Percentage of net sales	92.10%	93.30%
SBS | Sales channel, through intermediary | E-commerce
Disaggregation Of Revenue [Line Items]
Percentage of net sales	7.90%	6.70%
BSG
Disaggregation Of Revenue [Line Items]
Percentage of net sales	100%	100%
BSG | Hair color
Disaggregation Of Revenue [Line Items]
Percentage of net sales	40.10%	39.40%
BSG | Hair care
Disaggregation Of Revenue [Line Items]
Percentage of net sales	42.80%	42.90%
BSG | Styling tools and supplies
Disaggregation Of Revenue [Line Items]
Percentage of net sales	10.70%	10.70%
BSG | Nail
Disaggregation Of Revenue [Line Items]
Percentage of net sales	2.40%	2.40%
BSG | Skin and cosmetics
Disaggregation Of Revenue [Line Items]
Percentage of net sales	3.80%	4.30%
BSG | Other Beauty items
Disaggregation Of Revenue [Line Items]
Percentage of net sales	0.20%	0.30%
BSG | Sales channel, directly to consumer | Company-operated stores
Disaggregation Of Revenue [Line Items]
Percentage of net sales	69.40%	68.60%
BSG | Sales channel, through intermediary | Distributor sales consultants
Disaggregation Of Revenue [Line Items]
Percentage of net sales	9.60%	10.60%
BSG | Sales channel, through intermediary | E-commerce
Disaggregation Of Revenue [Line Items]
Percentage of net sales	14%	13.80%
BSG | Sales channel, through intermediary | Franchise stores
Disaggregation Of Revenue [Line Items]
Percentage of net sales	7%	7%